£100 million credit facility granted for Haventus' Ardersier Port energy transition facility

By: Chloe Emanuel

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13/05/2024 UK Infrastructure Bank

Haventus, the energy transition facilities provider, and owner of Ardersier Port, east of Inverness, has secured a £100 million joint credit facility from the UK Infrastructure Bank (UKIB) and the Scottish National Investment Bank with £50 million investment from each. The financing follows a £300 million capital commitment announced in 2023 by leading energy investment firm Quantum Capital Group, when Haventus began the redevelopment of Ardersier Port.

The facility will underpin the creation of a nationally significant infrastructure facility to support industrial-scale deployment of fixed and floating offshore wind. Haventus has taken a final investment decision and construction has now begun on the site, which includes the development of a new 650-metre quay wall and associated quayside.
Based in Scotland’s Moray Firth, Ardersier Port is ideally located to support offshore wind developers and manufacturers of offshore wind components and equipment, as the c.35 GW of ScotWind and INTOG project pipeline is built out. As a tax site within the Inverness and Cromarty Firth Green Freeport, Ardersier Port will offer a 450-acre site with quayside access and suitable infrastructure for marshalling, integration, manufacturing, and assembly of offshore wind components. It will be the largest dedicated offshore wind deployment port facility in Scotland, capable of hosting and supporting GW scale projects.

Once operational, the facility will significantly increase the offshore wind port capacity, to support the transition to net zero. As one of the largest industrial regeneration projects in the Highlands in decades, the development will re-establish the port as a major local employer, supporting and creating hundreds of jobs.

UKIB and the Scottish National Investment Bank recognise the strategic significance of Ardersier Port in the renewables sector, and this is the first project to be financed between them, having recently signed a Memorandum of Understanding to formalise their close working relationship. 
UK Infrastructure Bank CEO, John Flint said: "Vast investment is needed in port infrastructure by 2030 in order to fully realise the potential of offshore wind. This is a great opportunity to support this crucial sector, alongside the Scottish National Investment Bank, in what will be a nationally significant project for the UK energy transition, while also helping to grow the local Scottish economy."


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About the Author

4C Offshore | Chloe Emanuel
Chloe Emanuel

Press Coordinator

01502 307037 chloe.emanuel@tgs.com
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